April May May 2017 April 2017 $ 8,750,000 Unit data: Revenues $ 15,125,000 150 Beginning inventory Production 475 $ through Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale $ 0 _4,250,000 1,275,000 4,037,500 Sales 350 605 answer Variable costs: 4,250,000 (1,275,000) 5,312,500 (170,000) May 20 Less: Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin 2,975,000 700,000 5,142,500 1,210,000 3,675,000 Manufacturing cost per unit produced $ 8,500 $ 8,500 Operating (marketing) cost per unit sold 2,000 2,000 Fixed costs: Manufacturing costs $ 2,250,000 $ 2,250,000 Operating (marketing) costs 650,000 650,000 The selling price per vehicle is $25,000. The budgeted level of production used to alculate the budgeted fixed manufacturing cost per unit is 500 units. There are no rice, efficiency, or spending variances. Any production-volume variance is written ff to cost of goods sold in the month in which it occurs. 6,352,500 5,075,000 8,772,500 Fixed costs: Fixed manufacturing costs 2,250,000 650,000 2,250,000 650,000 Fixed operating costs Total fixed costs 2,900,000 Print Done 2,900,000 5,872,500 $ 2,175,000 $ Operating income